The BAIN Truth: Staples DIDN'T CREATE JOBS

[Segami]

"....writers Dave Johnson and Isaiah J. Poole discuss Republican presidential candidate Mitt Romney's claim that the office supply chain Staples is an example of the work he did creating jobs as the head of Bain Capital. Not so, Johnson says: At best, it shifted jobs from smaller competitors Staples put out of business, and in many cases it replaced living wage jobs with jobs barely above minimum wage. Staples may be a good place to buy pens and paper, but it's not a good model for how we should rebuild a middle-class economy. Johnson talks about the policies that we really need for good jobs and a strong middle class...."


http://ourfuture.org


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[cleduc]

1. There have been studies done on this

Without looking them about, each superstore job replaces about 1.3-1.4 Mom & Pop store jobs - to express it very roughly.

So I agree with the general point and raised this is previous discussions about Staples.

EDIT: here's one quick link roughly comparable to help illustrate
http://www.ilsr.org/key-studies-walmart-and-bigbox-retail/

This study presents the most sophisticated analysis to date of Wal-Mart’s impact on retail employment and wages. Analyzing national data, the study found that the opening of a Wal-Mart store reduces county-level retail employment by 150 jobs. Because Wal-Mart stores employ an average of 360 workers, this suggests that for every new retail job created by Wal-Mart, 1.4 jobs are lost as existing businesses downsize or close. The study also found that the arrival of a Wal-Mart store reduces total county-wide retail payroll by an average of about $1.2 million.

[brewens]

2. We had two independent office supply's stores in my area of 50,000

before Staples came in. They merged to try and hold on. One of my buddies worked for them and got to keep his job. Not for long though. They couldn't make it. I don't have to tell you that there are not as many good full-time jobs at Staples as those stores had.

[General Elector]

3. How do we know what Mitt Romney will do?

How do we know what Mitt Romney will do?

He is always on both sides of every issue. I was running Bain so look at my business skills, but I was not really running it. I will release my tax returns, but only the ones make me look good. We can't trust this guy and his doppelganger. Which one is running for president?

How can we trust a guy who wants to keep everything about himself a secret. From his taxes to religion, we know nothing about what this guy is really about. Mit Romney will say and do anything be president to fulfill his Daddy's dream. He is not capable of the job. We already tried one destined son who believes he should be president because his Daddy told him so. We don't want another George Bush.

Working to End Super pacs and the Overwhelming Influence of Money in Politics.
http://www.generalelector.org/

[treestar]

4. What a good clip

So many people in our country are morons for opposing a health care plan, not realizing they are competing with people in countries that DO have that.

[Downwinder]

5. Staples is gone from here,

the Mom and Pop stores have not come back.

[madrchsod]

6. staples sucks

every time we go in there there is a whole new staff. asking anyone their opinion on a product is worthless. i will say the staff is pleasant and really try to help but in the end they really don`t know.

[virgogal]

7. I live about 5 miles from the original Staples store and know of at least 3

great little stationary/office supply stores that were gone within 5 years.